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Russian rouble flat vs US dollar, compromises vs China's yuan

The Russian rouble compromised a little versus China's yuan and was flat against the U.S. dollar in thin trade on Friday.

At 1100 GMT, the rouble was flat at 97.40 against the dollar. It damaged 0.2% to 13.55 versus the yuan, according to LSEG information. The rouble weakened by 0.4% to 106.40 versus the euro.

Brent petroleum, an international standard for Russia's. primary export, increased more than 2% to $74.53 a barrel after reports. that Iran was preparing a retaliatory strike on Israel.

Western sanctions imposed on the Moscow Stock Market. ( MOEX) and its cleaning representative, the National Cleaning Centre, on. June 12 stopped all trade in dollars and euros at MOEX, making. the yuan the most-traded foreign currency in Russia.

Sell dollars and euros has shifted to the. over-the-counter (OTC) market, obscuring price data.

One-day rouble-dollar futures, which trade on the Moscow. exchange and are a guide for OTC market rates, were up 0.8% at. 97.51. The reserve bank's official currency exchange rate, which it. computes utilizing OTC information, was set at 97.02 to the dollar.

(source: Reuters)